Newcastle Elects to Retain Capital

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Tue Jun 30, 2009 4:15pm EDT 

NEW YORK--(Business Wire)--
Newcastle Investment Corp. (NYSE: NCT) announced today that its Board of
Directors has elected not to pay a common stock or preferred stock dividend for
the second quarter of 2009. The Company decided to retain capital for liquidity
and for working capital purposes. 

About Newcastle

Newcastle Investment Corp. invests in real estate debt and other real estate
related assets. Newcastle is organized and conducts its operations to qualify as
a real estate investment trust (REIT) for federal income tax purposes. Newcastle
is managed by an affiliate of Fortress Investment Group LLC, a global
alternative asset manager with approximately $26.5 billion in assets under
management as of March 31, 2009. For more information regarding Newcastle
Investment Corp. or to be added to our e-mail distribution list, please visit
www.newcastleinv.com. 





Newcastle Investment Corp.
Lilly H. Donohue, 212-798-6118
Director of Investor Relations
or
Nadean Finke, 212-479-5295
Investor Relations


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